Sr. Business Analyst/Consultant (Sr. FSA) – Division of Information Technology

Position DescriptionMinimum EducationBachelor's degree or equivalent experienceMinimum Experience5 yearsSummaryThe Senior Financial Systems Analyst is responsible for the analysis of System economic, financial and structure data; the development of requirements for automated collection and analysis tools; and the implementation of those tools; and the testing and quality assurance techniques associated with system development. Is recognized as an expert in the areas of financial report data and analysis, structure data analysis, and automated processing systems that are used throughout the statistics function in the division, at the Board, and in the System.Duties And ResponsibilitiesAssumes lead role in providing oversight to unit members regarding financial and structure data analysis for data flows and the implementation of internal and external projects within the unit. Provides resolution for data questions and problems, and communicates recommendations to senior Board, Reserve Bank, and regulatory agency staff and officials.Leads the development of high-level analytical techniques that may include the construction and testing of statistical models to be used for cross-sectional and time-series analysis of data trends, the effects of banking structure changes on economic and financial data, and the improvement and maintenance of the quality of structure data and the automated data interchange process. Drafts and reviews technical memoranda changes for series processing. Independently develops technical requirements.Develops business rules and report or application formats for distributed, web, and mainframe programmers to use in developing applications or systems automated programs or systems to support analytical work and the release of public information. Work may include programming and the development of conceptual design.Provides oversight regarding automation, problem solving, and complex data analysis, data collection, and series processing issues. Applies knowledge and skills to make the division more effective and efficient as well as to train division staff.Ensures that all administrative and internal series processing deadlines are met for the unit, such as preparation of status reports, review of Reserve Bank and other regulatory agency performance, and coordination of periodic edit reviews.May act on behalf of the Manager in conducting unit meetings, attending client meetings representing the unit/branch/division, making decisions regarding complex data and automation questions, and participating in a lead capacity on task forces and committees, both internal and external to the Board.Monitors unit budget recovery and assists the Manager in forecasting budget estimates and expenditures.Prepares schedule of unit work activities so that reports and administrative deadlines are met in a timely and accurate manner. Conducts periodic reviews of editing and analyses procedures with unit staff and provides the review results to management.Trains and mentors unit staff on all facets of data analysis, series process, automation, regulatory awareness, and industry best practices.Position RequirementsFR – 26 Minimal Qualifications:Strong analytical ability and oral and written communications skills typically acquired through completion of a Bachelor's Degree in economics, finance, accounting, information systems or a related discipline, or equivalent work experience. Extensive knowledge of financial/accounting principles relating to System reports and of the processing systems that support the statistics function, typically acquired through a minimum of 5 years of related work experience, thorough understanding of data processing issues including a good understanding of computer operations (distributed and web environments), good understanding of telecommunications concepts and thorough knowledge of various software packages such as SAS, QMF/SQL, and Microsoft Excel. Thorough understanding of analytical techniques involved in financial data analysis such as ratio analysis, peer analysis, trend analysis and statistical modeling. Develops professional skills. Maintains awareness of evolving information processing technologies and financial industry trends through professional publications and outside contacts. Conducts research in information processing in areas relevant to division, business line, or Board needs and communicates the results of these activities to others.FR – 27 Minimal QualificationsAdvanced analytical ability and oral and written communications skills typically acquired through completion of a Bachelor's Degree in economics, finance, accounting, information systems or a related discipline, or equivalent work experience. Extensive knowledge of financial/accounting principles relating to System reports and of the processing systems that support the statistics function, typically acquired through a minimum of 6 years of related work experience, thorough understanding of data processing issues including a good understanding of computer operations (mainframe, distributed, and web environments), good understanding of telecommunications concepts and thorough knowledge of various software packages such as SAS, QMF/SQL, and Microsoft Excel. Advanced understanding of analytical techniques involved in financial data analysis such as ratio analysis, peer analysis, trend analysis and statistical modeling. Develops professional skills. Knowledgeable of evolving information processing technologies and financial industry trends through professional publications and outside contacts. Conducts research in information processing in areas relevant to division, business line, or Board needs and communicates the results of these activities to senior management and others.FR – 28 Minimal QualificationsExpert analytical ability and oral and written communications skills typically acquired through completion of a Bachelor's Degree in economics, finance, accounting, information systems or a related discipline, or equivalent work experience. Expert knowledge of financial/accounting principles relating to System reports and of the processing systems that support the statistics function, typically acquired through a minimum of 8 years of related work experience, thorough understanding of data processing issues including a good understanding of computer operations (mainframe, distributed, and web environments), good understanding of telecommunications concepts and thorough knowledge of various software packages such as SAS, QMF/SQL, and Microsoft Excel. Expert understanding of analytical techniques involved in financial data analysis such as ratio analysis, peer analysis, trend analysis and statistical modeling. Develops professional skills. Knowledgeable of evolving information processing technologies and financial industry trends through professional publications and outside contacts and applies concepts accordingly. Conducts research in information processing in areas relevant to division, business line, or Board needs and communicates the results of these activities to senior management and others.This position is within the IT Statistics Program Management Office (PMO) unit within Board IT Statistics and is part of the Federal Reserve’s Statistics Function – a national business line that collects financial, banking structure, survey, and contextual information and provides data management services to ensure information is fit for use. The IT Statistics PMO unit’s main responsibility is to provide general support and direction to national Statistics Function activities. In addition to overseeing the function’s automation and business projects and programs, this area is responsible for overseeing the function’s governance, strategic planning, demand management, and national budgets, as well as overseeing the annual performance evaluation process for Reserve Bank Statistics sites.The Senior Financial Systems Analyst (FSA)/Senior Financial Systems Consultant (FSC) is responsible for developing and directing the execution of the Statistics four-year strategic plan, including directing select automation and business initiatives within the plan and partnering with stakeholders to ensure needs are met. The Senior FSA/FSC is responsible for defining function governance and policies and ensuring adherence. The Senior FSA/FSC is responsible for developing metrics (e.g., on services, staff utilization, and performance) and creating documentation (e.g., strategic plan, policies, procedures, reports, charters, evaluations). The Senior FSA/FSC prepares senior management for representation at meetings, including developing presentations and talking points for use in briefings, or presents on senior management’s behalf.Additional requirements include innovative thinking, problem solving skills, sound decision-making, and the ability to transform abstract problems into actionable plans and exhibit good judgment even under high pressure or difficult situations. Requires the ability to effectively communicate with staff at all levels, from junior analysts to senior leaders at the Board of Governors and Reserve Banks. Demonstrated experience in strategic planning or strategy execution, project management, program management, risk management, data management, and communications is required.New employees may participate in a rotation program that would provide the employee an in-depth engagement with other Board IT Statistics units to develop their knowledge and expertise of the Statistics business line. A new employee’s exposure and engagement within other Board IT Statistics units would ensure a thorough knowledge and understanding of Board Statistics’ processes and procedures for providing services to stakeholders, performing program management support, and directing the national business line.This position is hybrid, requiring a combination of telework and in-office presence in Washington, DC.Primary LocationDC-WashingtonEmployee StatusRegularOvertime StatusExemptJob TypeStandardWork Shift1st ShiftRelocation ProvidedYesCompensation Grade LowFR PAY GRADE 26Compensation Grade HighFR PAY GRADE 28Minimum Salary$123,500.00Maximum Salary$266,500.00Posting DateFeb 22, 2024

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